Morning Movers: Earnings From Tesla, SolarCity, and More …
Morning Movers: Earnings From Tesla, SolarCity, and More
By Stefan Cheplick+ (@scheplick) editor @stocktwits |
May 8th, 2014
1.) Tesla ($TSLA) reported earnings yesterday and it’s been a top trending ticker ever since. It dropped as much as 10% in pre-market trading:
Main takeaway from Tesla? Valuation matters. $TSLA results were not “bad.” But not good enough to justify trading at 113X ’14 EPS estimates.
— Paul La Monica (@lamonicabuzz) May. 7 at 04:32 PM
$tsla Production is now at almost 700 vehicles per week, up 15% from weekly production rate at the end of Q4
— Seung Yoo (@seungyoo) May. 7 at 04:39 PM
$TSLA Adjusted earnings per share came in at $0.12 per share, which was higher than the $0.07 expected by analysts surveyed by Bloomberg.
— Murali (@murali2wits) May. 7 at 04:40 PM
2.) SolarCity ($SCTY) reported a much smaller than expected loss:
SolarCity Corp $SCTY Q1 Loss/Shr USD 0.54 vs. Exp. Loss/Shr USD 0.81 Q1 Rev of $63.50M vs $53.39M Est. UP 3% AH..
— Eddie Heisenberg Mah (@crazyfasteddy) May. 7 at 04:10 PM
3.) Green Mountain Coffee Roasters ($GMCR) reported a sizable beat:
$GMCR REV 1.1B (+10% y/y) vs exp. 1.05B (+4.3% y/y) EPS 1.08 (+16%) vs exp. 0.94 (+1.1%)
— Cow (@Cow) May. 7 at 04:10 PM
$GMCR Sees Full year EPS 3.63-3.73 (Including 0.20 dilutive impact from $KO and Lavazza)… so 3.83-4.03 vs 3.72
— Cow (@Cow) May. 7 at 04:15 PM
4.) Zillow ($Z) is one of the few tech momentum names that has held up over the last 3 months — it’s up 9% over that timeframe. They also reported a big beat:
$Z notes growth in ad spend is likely in spring and summer home buying seasons
— Brian Bolan (@bbolan1) May. 7 at 05:10 PM
$z Q1 EPS of $0.02 vs $(0.08) Est.; Rev. of $66.20M vs $63.21M Est.
— lumberjax (@lumberjax) May. 7 at 04:33 PM
5.) Priceline ($PCLN) posted a strong earnings report but guidance came in a bit weaker than expected:
$PCLN issue :Priceline sees Q2 EPS $11.22-$12.02, consensus $12.27
— Option Millionaires (@OMillionaires) May. 8 at 08:10 AM
$PCLN Q1 gross travel bookings +34% YoY
— Daniel Miller (@WallStreetBean) May. 8 at 07:27 AM
Tickers: $PCLN, $SCTY, $TSLA, $Z
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Morning Movers: Earnings From Tesla, SolarCity, and More …
